Other Employer Costs and Insurance
Innovare’s insurance policy in Philippines (subject to terms and conditions) includes Professional indemnity insurance and Public liability insurance and is inclusive in our management fee. Workman compensation insurance is inclusive in the Social Security System premium.
Needless to say, all Employee of Record consultants are required to have adequate medical insurance to cover them throughout the entire contract. The health insurance scheme covers minimal benefits, hence, medical insurance is a must for locals and expatriates working in Philippines.